The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan
Money convenient, and inexpensive means of transferring funds into Afghanistan and among its provinces. They offer a diverse range of financial and non-financial business services at the local, regional, and international level. More recently, they...
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/08/2613565/money-exchange-dealers-kabul-study-hawala-system-afghanistan http://hdl.handle.net/10986/15087 |
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okr-10986-150872021-04-23T14:03:12Z The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan Munzele Maimbo, Samuel MONEY USE & MOVEMENT MONEY LAUNDERING ILLEGAL ACTION FUNDS TRANSFER FINANCIAL SERVICES EMERGENCY RELIEF HUMANITARIAN AID DEVELOPMENTAL BENEFITS NONGOVERNMENTAL ORGANIZATION FINANCIAL INSTITUTIONS DEVELOPMENT FUNDS REGULATORY FRAMEWORK SUPERVISION PLANS FUNDS TRANSFER SYSTEMS ACCOUNTING ACCOUNTING RECORDS BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM CASH TRANSACTIONS CASH TRANSFERS CENTRAL BANK COMMERCIAL BANKS COMPETITORS CONFIRMATION PROCESS COUNTERPART COUNTERPARTY CURRENCY EXCHANGE DEALERS DEFAULT RISK DEPOSITS EXCHANGE SERVICES EXPORTS FINANCIAL AUTHORITIES FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FOREIGN EXCHANGE FUNDS TRANSFER FUNDS TRANSFER SYSTEMS FUNDS TRANSFERS INTERNATIONAL BANKING INTERNATIONAL BANKS INTERNATIONAL PAYMENTS INTERNATIONAL TRADE LAWS LAWYERS LOCAL CURRENCY MICROFINANCE MONEY LAUNDERING MONEY MARKET MONEY TRANSFERS NONGOVERNMENTAL ORGANIZATIONS OPERATING EXPENSES PAYMENT INSTRUCTIONS PAYMENT SYSTEMS RESERVES SAFEKEEPING STATE BANKS TAX EVASION TELECOMMUNICATIONS THIRD PARTIES Money convenient, and inexpensive means of transferring funds into Afghanistan and among its provinces. They offer a diverse range of financial and non-financial business services at the local, regional, and international level. More recently, they have been instrumental in providing financial services for the delivery of emergency relief and humanitarian and developmental aid into Afghanistan for the majority of international and domestic NGOs, donor organizations, and development aid agencies. This study was undertaken to: (1) determine the current practice of hawala in Afghanistan; (2) verify the assertions regarding the convenience, speed, and cost-effectiveness of hawala transactions in comparison with formal financial institutions such as the central bank and the remaining state banks; (3) evaluate the use of money exchange dealers to remit development funds to regions that are not served by formal financial institutions; (4) identify the operational characteristics that make the hawala system vulnerable to financial abuse; and (5) consider the appropriate regulatory and supervisory options for informal funds transfer systems in Afghanistan. 2013-08-14T20:50:52Z 2013-08-14T20:50:52Z 2003-08 http://documents.worldbank.org/curated/en/2003/08/2613565/money-exchange-dealers-kabul-study-hawala-system-afghanistan 0-8213-5586-4 http://hdl.handle.net/10986/15087 English en_US World Bank Working Paper;No. 13 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication South Asia Afghanistan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MONEY USE & MOVEMENT MONEY LAUNDERING ILLEGAL ACTION FUNDS TRANSFER FINANCIAL SERVICES EMERGENCY RELIEF HUMANITARIAN AID DEVELOPMENTAL BENEFITS NONGOVERNMENTAL ORGANIZATION FINANCIAL INSTITUTIONS DEVELOPMENT FUNDS REGULATORY FRAMEWORK SUPERVISION PLANS FUNDS TRANSFER SYSTEMS ACCOUNTING ACCOUNTING RECORDS BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM CASH TRANSACTIONS CASH TRANSFERS CENTRAL BANK COMMERCIAL BANKS COMPETITORS CONFIRMATION PROCESS COUNTERPART COUNTERPARTY CURRENCY EXCHANGE DEALERS DEFAULT RISK DEPOSITS EXCHANGE SERVICES EXPORTS FINANCIAL AUTHORITIES FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FOREIGN EXCHANGE FUNDS TRANSFER FUNDS TRANSFER SYSTEMS FUNDS TRANSFERS INTERNATIONAL BANKING INTERNATIONAL BANKS INTERNATIONAL PAYMENTS INTERNATIONAL TRADE LAWS LAWYERS LOCAL CURRENCY MICROFINANCE MONEY LAUNDERING MONEY MARKET MONEY TRANSFERS NONGOVERNMENTAL ORGANIZATIONS OPERATING EXPENSES PAYMENT INSTRUCTIONS PAYMENT SYSTEMS RESERVES SAFEKEEPING STATE BANKS TAX EVASION TELECOMMUNICATIONS THIRD PARTIES |
| spellingShingle |
MONEY USE & MOVEMENT MONEY LAUNDERING ILLEGAL ACTION FUNDS TRANSFER FINANCIAL SERVICES EMERGENCY RELIEF HUMANITARIAN AID DEVELOPMENTAL BENEFITS NONGOVERNMENTAL ORGANIZATION FINANCIAL INSTITUTIONS DEVELOPMENT FUNDS REGULATORY FRAMEWORK SUPERVISION PLANS FUNDS TRANSFER SYSTEMS ACCOUNTING ACCOUNTING RECORDS BANK ACCOUNTS BANKING SECTOR BANKING SYSTEM CASH TRANSACTIONS CASH TRANSFERS CENTRAL BANK COMMERCIAL BANKS COMPETITORS CONFIRMATION PROCESS COUNTERPART COUNTERPARTY CURRENCY EXCHANGE DEALERS DEFAULT RISK DEPOSITS EXCHANGE SERVICES EXPORTS FINANCIAL AUTHORITIES FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FOREIGN EXCHANGE FUNDS TRANSFER FUNDS TRANSFER SYSTEMS FUNDS TRANSFERS INTERNATIONAL BANKING INTERNATIONAL BANKS INTERNATIONAL PAYMENTS INTERNATIONAL TRADE LAWS LAWYERS LOCAL CURRENCY MICROFINANCE MONEY LAUNDERING MONEY MARKET MONEY TRANSFERS NONGOVERNMENTAL ORGANIZATIONS OPERATING EXPENSES PAYMENT INSTRUCTIONS PAYMENT SYSTEMS RESERVES SAFEKEEPING STATE BANKS TAX EVASION TELECOMMUNICATIONS THIRD PARTIES Munzele Maimbo, Samuel The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan |
| geographic_facet |
South Asia Afghanistan |
| relation |
World Bank Working Paper;No. 13 |
| description |
Money convenient, and inexpensive means
of transferring funds into Afghanistan and among its
provinces. They offer a diverse range of financial and
non-financial business services at the local, regional, and
international level. More recently, they have been
instrumental in providing financial services for the
delivery of emergency relief and humanitarian and
developmental aid into Afghanistan for the majority of
international and domestic NGOs, donor organizations, and
development aid agencies. This study was undertaken to: (1)
determine the current practice of hawala in Afghanistan; (2)
verify the assertions regarding the convenience, speed, and
cost-effectiveness of hawala transactions in comparison with
formal financial institutions such as the central bank and
the remaining state banks; (3) evaluate the use of money
exchange dealers to remit development funds to regions that
are not served by formal financial institutions; (4)
identify the operational characteristics that make the
hawala system vulnerable to financial abuse; and (5)
consider the appropriate regulatory and supervisory options
for informal funds transfer systems in Afghanistan. |
| format |
Publications & Research :: Publication |
| author |
Munzele Maimbo, Samuel |
| author_facet |
Munzele Maimbo, Samuel |
| author_sort |
Munzele Maimbo, Samuel |
| title |
The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan |
| title_short |
The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan |
| title_full |
The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan |
| title_fullStr |
The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan |
| title_full_unstemmed |
The Money Exchange Dealers of Kabul : A Study of the Hawala System in Afghanistan |
| title_sort |
money exchange dealers of kabul : a study of the hawala system in afghanistan |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/08/2613565/money-exchange-dealers-kabul-study-hawala-system-afghanistan http://hdl.handle.net/10986/15087 |
| _version_ |
1764425571178119168 |